Scott Minerd, one of the directors of the global investment and consultancy firm Guggenheim Partners, likened Bitcoin (BTC) to the Dot-com bubble in the early 2000s and made assertive statements that the decline will continue.
Guggenheim Partnerschief investment officer Scott Minerdin a statement to Bloomberg recently, on Bitcoin the decline will continue stressed. miner, in the short term It is possible to see rises on cryptocurrencies, but there is already a very large “editorial editionHe underlined the fact that
Details of the statement made by Scott Minerd to Bloomberg are as follows:
I think this ‘bubble’ will deflate further and here we will witness a process similar to the collapse of the Dot-com bubble to determine who is the winner and who is the loser. I don’t think we’ve completely cleaned the ecosystem yet.
dot-com bubble The crisis in question, which is described as Minerd’s number one example and which is described as venture capital companies It took place in the early 2000s when they withdrew from these sectors as a result of their inability to provide a return on their investments. Considering Bitcoin’s more than 10-year history, comparing it to the Dot-com bubble, which flashed in a much shorter time, many professional commentators argue. not a fair comparison.
Continuing the conversation yesterday FED Referring also to the statements, Minerd, FED chairman Jerome PowellBy opposing the allegations of in recession He said it would be difficult to say that he did not exist. Minerd has made another prediction in recent months. $8,000 He stated that its level could become Bitcoin’s “ultimate bottom”.